Luna shares jump on deal with Intuitive Surgical

GabrielMadway

SAN FRANCISCO (MarketWatch) -- Luna Innovations Inc.
LUNA, +4.48%
shares jumped 30% to $4.90 in Thursday morning trade after the Roanoke, Va.-based company said it has entered into an intellectual property licensing, development, and supply agreement with Intuitive Surgical Inc.
ISRG, +0.93%
Financial terms of the deal were not disclosed. Under the multi-year agreement, Luna said it will develop and supply its fiber optic-based shape sensing and position tracking system for integration into Intuitive Surgical's products.

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